HomeMy WebLinkAbout5.c. Industial Park DevelopmentPHONE (612) 423.4411
FAX (612) 4235203
TO:
GD, it of Rosemount
2875 - 145th Street West, Rosemount, Minnesota
Mailing Address:
P.O. Box 510, Rosemount, Minnesota 55068.0510
Chairperson Dunn
Commissioners: Anderson,
Sinnwell,
Edwards
and Wip
MAYOR
Edward B. McMenomy
COUNCILMEMBERS
Sheila Kiassen
James (Red) Steate
Harry Willcox
Dennis Wippermann
ADMINISTRATOR
Stephan Jilk
FROM: Stephan-Jilk, Executive Director
DATE: April 2, 1992
RE: Industrial Park Development
In 1991 the Rosemount Economic Development Authority considered
the idea of purchasing a eighty acre site in Rosemount to develop
into an industrial park.; This property is owned by a Mr. Roy
Abbott and is located south of highway #42 and East of Highway #3
and west of Biscayne Ave. (please see enclosed map).
The Economic Development Authority became interested in the site
in order to provide a location for potential light industrial
users and because, at the time, city staff was in discussion with
a company from Eagan which was looking for a site to build a new
facility. The company representatives were willing to entertain
a proposa by which the city could buy the property and develop -a
five to t n acre site and sell that site back to the company for
the location of their new facility.
The EDA w nt so far as negotiating an option for the purchase of
the prope ty, getting preliminary cost estimates for development
of the si a and discussing terms for a buyout of the property.
Because the city was unable, or unwilling to move quick enough
the compa y purchased a site in Farmington and will move their
operation there.
I bring this up again to you for discussion at this time for
several reasons;
1) The property is still available for purchase.
2) I hive had additional inquires for light industrial type
property with city sewer and water available to the site
witp potential for city involvement in construction.
6uery1hing s coming V J gosemounlY
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Industrial Park Development
Page 2
ddition to the above I have had discussion with the
esota National Guard regarding their desire to locate
rge vehicle maintenance facility in Rosemount. They are
ing to acquire 15 to 20 acres for this purpose. The
lity would have an estimated cost of three million
ars and would require between 20 and 35 full time
oyees.
The are very much interested in the Abbott property and
wou d consider buying a portion of the property back from
the city if we would buy the entire site.
This may
a start c
line.
I would s
thoughts
lj
another opportunity for the Port Authority to get
a "industrial park" having the first tenant on
ly like to begin discussion on the idea and hear
the matter.
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